GST on Petrol and Diesel is a cold-sweat issue for Central and State Government. None of the two seem to desire to include Petrol and Diesel in the GST ambit.
GST regime was rolled in with the objective of “One Nation One Tax “ in July 2017. At that time five petroleum products— diesel, petrol, natural gas, crude oil, and aviation turbine fuel—were kept out of the GST sphere which continued to remain out till date. Neither does it seem to arrive under the purview of Goods and Services Tax (GST) in the near future as the government will have to face a hefty revenue loss.
